FDIC, BlackRock

FDIC eyes pact with BlackRock on passive investing
The regulator reportedly gave the asset manager a Jan. 10 deadline to agree to stricter oversight when holding a 10% or greater stake in banks, similar to a deal struck last week with Vanguard.
The Vanguard-FDIC Agreement On Passive Investing And Bank Ownership
Last week's agreement, while important for Vanguard, has even broader implications for asset managers, the banking sector, and financial regulation.
A standoff between BlackRock and the FDIC is dragging into 2025
A clash between BlackRock and the FDIC over the money manager’s holdings of US banks will play out in the waning days of President Joe Biden’s administration.
FDIC, Vanguard reach agreement over large stakes in U.S. banks
A passivity agreement with the FDIC means that when the asset management giant Vanguard owns more than 10% of an FDIC-overseen bank, it can't seek certain levels of control over the bank's behavior.
BlackRock and FDIC on course for early 2025 clash over bank stakes
The Federal Deposit Insurance Corporation and BlackRock are headed for a January showdown over the US watchdog’s efforts to step up its oversight of investors who take large stakes in small and midsized banks.
BlackRock Receives Deadline From FDIC for Passivity Agreement
BlackRock, Inc. BLK has been informed by the Federal Deposit Insurance Corporation (“FDIC”) that it has until Jan. 10, 2025, to accept the “passivity agreement”. This was reported by a person familiar with the matter to Reuters.
US regulator was cautious on crypto but did not tell banks to choke off sector, documents show
A top U.S. bank regulator told multiple lenders to pause dabbling directly in crypto in 2022 and 2023, but did not direct ...
Hosted on MSN1d
FDIC sets January deadline for BlackRock on bank stake scrutiny
This move is part of the FDIC's efforts to strengthen oversight of large investors in small and midsized banks.
FDIC workplace allegations: More than a third of employees report harassment, watchdog says
More than a third of employees surveyed at the U.S. Federal Deposit Insurance Corporation reported experiencing or witnessing ...
Project 2025 Proposes Eliminating the FDIC? Not Exactly
A 2017 report by conservative think tank The Heritage Foundation suggested "government-provided deposit insurance should be ...
Coingape4h
Operation Chokepoint: Coinbase Secures Unredacted FDIC Files
Weeks after a Court Order, Coinbase Exchange has received new FDIC files to bolster its Operation Chokepoint probe ...
Kansas bank challenges $20M FDIC penalty
CBW Bank, charged with failing to maintain adequate anti-money laundering controls, has filed a lawsuit challenging the agency’s action, calling the penalty “unreasonable and unprecedented for a bank ...
Why targeting the FDIC would mean economic disaster
The incoming Trump administration has reportedly started looking into ways to drastically shrink, consolidate or even ...
American Banker6d
CBW Bank to contest $20 million FDIC fine for AML lapses
The tiny community bank handled hundreds of millions of bulk cash shipments from Mexico without red-flagging any of them, the ...